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Siemens -New strategic owner for Yunex Traffic

01/18/2022 | 05:47am EDT

Atlantia S.p.A. to acquire Yunex Traffic from Siemens Mobility for EUR950 million.

Closing expected by September 2022

Yunex Traffic is a leader in intelligent road traffic solutions

Siemens continues to sharpen its portfolio as focused technology company

Siemens Mobility today signed an agreement to divest Yunex Traffic, the international road traffic business, to Atlantia S.p.A. The Managing Board and Supervisory Board of Siemens AG have approved the planned transaction. The purchase price is EUR950 million (enterprise value). Closing is expected by September 2022, subject to the relevant regulatory approvals. Yunex Traffic is a leader in innovative and intelligent infrastructure and traffic solutions for roads and cities. As a global leader in mobility infrastructure technology and services, Atlantia is a long-term, strategically oriented new owner for Yunex Traffic.

Roland Busch, President and Chief Executive Officer of Siemens AG: 'Siemens is continuously sharpening and optimizing its portfolio as a technology company focused on its core business. Siemens Mobility and Yunex Traffic have demonstrated that Siemens is able to develop businesses very successfully and increase their value. In addition, we are very pleased to have found the best owner for Yunex Traffic with Atlantia. Their competence, long-term orientation and high commitment to growth and innovation is in the best interest of all stakeholders.'

Logo Yunex Traffic

'With the sale to Atlantia, Yunex Traffic becomes part of a highly dynamic traffic ecosystem that will ensure cleaner air and more livable cities and safer roads,' said Michael Peter, CEO of Siemens Mobility. 'Under the umbrella of Atlantia, Yunex Traffic will be perfectly positioned to actively shape the market and break new ground in traffic management with the help of digitalization and disruptive technologies.'

'The addition of Yunex Traffic to our Group,' said Atlantia's CEO, Carlo Bertazzo, 'marks a major step forward in expanding our business. We aim to deliver operating and growth synergies between our assets and Yunex Traffic, with the intention of creating a highly competitive, one-of-a-kind Group, able to deliver synergies in the management of infrastructure, services and technological innovation, in order to improve the travel experience. We are pleased that Siemens, one of the leading industrial groups at European and global level, has chosen Atlantia's plan as offering the best strategy for Yunex Traffic's future growth. I would like to extend a warm welcome to our Group to Yunex Traffic, its management team and its 3,000 employees, with whom we will continue to build the new Atlantia,' concluded Bertazzo.

For Atlantia, Yunex Traffic is an ideal addition to its international mobility infrastructure and services portfolio. The acquired company is planned to be managed as a separate entity. Yunex Traffic will continue to build its position as a global leader in adaptive traffic management systems and intelligent solutions for networking traffic and toll systems. Its portfolio strategy will focus on automation and digitalization to more thoroughly exploit the potential offered by cloud computing, 5G, and artificial intelligence in the years ahead. By joining Atlantia, Yunex Traffic will also be able to yield significant industrial and development synergies with the Group's motorway, airport and mobility services assets, already present in 35 countries.

Yunex Traffic started operating as an independently managed business as of July 2021. With its clear business focus and entrepreneurial freedom, Yunex Traffic generated revenue of more than EUR600 million in fiscal year 2021.Yunex Traffic operates in more than 25 countries worldwide with over 3,000 employees. Its intelligent mobility solutions are being used in cities like Dubai, London, Berlin, Bogota, and Miami. The company is the only provider worldwide that meets all major regional traffic technology standards in the EU, Great Britain, Asia and the Americas.

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Siemens Mobility is a separately managed company of Siemens AG. As a leader in transport solutions for more than 160 years, Siemens Mobility is constantly innovating its portfolio in its core areas of rolling stock, rail automation and electrification, turnkey systems, intelligent traffic systems as well as related services. With digitalization, Siemens Mobility is enabling mobility operators worldwide to make infrastructure intelligent, increase value sustainably over the entire lifecycle, enhance passenger experience and guarantee availability. In fiscal year 2021, which ended on September 30, 2021, Siemens Mobility posted revenue of EUR9.2 billion and had around 39,500 employees worldwide. Further information is available at www.siemens.com/mobility.

(C) 2022 Electronic News Publishing, source ENP Newswire

Stocks mentioned in the article
ChangeLast1st jan.
ATLANTIA SPA 0.31% 22.53 Delayed Quote.28.67%
SIEMENS AG -2.14% 114.2 Delayed Quote.-25.20%
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